How big is the Maritime Security Market?

The Maritime Security Market size is expected to reach USD 30 billion in 2024 and grow at a CAGR of 7.02% to reach USD 42.12 billion by 2029. Read More

What is the current Maritime Security Market size?

In 2024, the Maritime Security Market size is expected to reach USD 30 billion. Read More

Who are the key players in Maritime Security Market?

BAE Systems plc, OSI Systems, Inc., Westminster Group plc, THALES and Smiths Group plc are the major companies operating in the Maritime Security Market. Read More

Which is the fastest growing region in Maritime Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Maritime Security Market?

In 2024, the Asia-Pacific accounts for the largest market share in Maritime Security Market. Read More

What years does this Maritime Security Market cover, and what was the market size in 2023?

In 2023, the Maritime Security Market size was estimated at USD 27.89 billion. The report covers the Maritime Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Maritime Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Maritime Security Market Report | Industry Analysis, Size & Forecast Overview

Maritime Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Maritime Security Market Report is Segmented by System (Screening and Scanning, Communications, Surveillance and Tracking, and Other Systems), Type (Port and Critical Infrastructure Security, Vessel Security, and Coastal Security), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Sizes and Forecasts for all the Above Segments in Value (USD).

Maritime Security Industry Overview

The maritime security market is semi-consolidated, with key players supporting market growth with various products like command and control systems, surveillance and scanning systems, and communication systems. Some prominent players are Thales, BAE Systems PLC, Westminster Group PLC, Smiths Group PLC, and OSI Systems Inc. Companies are investing highly in developing new and advanced detection and monitoring systems that will improve the overall security at maritime borders. For instance, in September 2023, Eurocontrolli secured four contracts from Saudi Aramco, supplying telecom and security systems, including CCTV, to fortify the security of key oilfields like Qatif, Marjan, Abu Safah, and Safaniya. Such strategies by companies would help market players increase their sales and profits and expand their businesses to new geographical locations.